Is Price Reduction a Good Business Strategy?

0
price reduction strategy - business strategy SME

If we are like everybody else –– just CHEAPER… we will end “smashed” on the ground.

Price as a competitive advantage is NOT a sustainable business strategy.

The race to the bottom is painful.

Customers feel no loyalty towards your product or service. There’s no branding leverage. No reason to stay with you other than expect the next discount.”

No discount?

Don’t be surprised when your customers leave you in exchange of a little price difference.

Innovate. Get creative. Find ways to stand out!

Enjoyed What You Read? Then Don't Miss the Next Post! STAY UP-TO-DATE

Join 29,972 SMEs & still counting, who are first to receive regular updates on latest News & Articles to Grow their Business.

We hate spam with passion! Your email address will not be shared with anyone else.

Also read:  BREAKING: President Buhari Signs Amended Companies and Matters Allied After 3 Decades!


Domain names for just 88 cents!

LEAVE A REPLY

Please enter your comment!
Please enter your name here